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News Now

CU System
Washington CU Regulator To Continue Operations, Despite State Budget Process
OLYMPIA, Wash. (6/24/13)--Although a budget impasse could cause a Washington state government shutdown, credit unions can expect continued operations from their state regulators, the Northwest Credit Union Association reported Friday.

A second special legislative session had failed to produce a state budget, the league said (Anthem Recap June 21). If a shutdown cannot be averted, the Washington Division of Credit Unions (DCU) and Department of Financial Institutions will continue operations, the league said.

Non-appropriated agencies like DCU continue operations without interruption under a contingency plan, DCU spokeswoman Rhonda Mires informed the league in a memo.

Washington Governor Jay Inslee alerted state workers and taxpayers Thursday to the possibility of a government shutdown and employee furloughs if the legislature does not produce a budget for the next fiscal year, which begins July 1.


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